Gross Domestic Product projections from present day through 2050 are made under the assumptions that markets stay open
and macroeconomic policies remain sound; additionally, catastrophes�economic, natural, or
geopolitical�are assumed not to occur. For these reasons, the projections represent only an educated
assessment of the present direction of the international economy.

As developing countries house an increasingly larger share of people, capital, and technology, their
share of global GDP will increase, shifting the economic balance of power. Well before mid-century, the
United States and the main European powers, long the leaders of the global economy, will be joined in
economic size by several emerging markets in Asia and Latin America.

However, as these countries become the world�s largest economies, as well as the most populous, they
will not rise among the world�s richest, breaking the decades-old correlation between economic size and
per capita income. This notion of a low- or middle-income country becoming the world�s largest
economy, introduced as early as 1993 when China was predicted to rise as a world power, now appears
increasingly likely. The recent promotion of the G20 as the world�s principal economic forum will likely
mark the end of wealthy countries� dominance over the world economy and usher in a more integrated
and complex economic era.

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